What happened to Jyothy Labs! - Private equity got my Irene

Wednesday, May 4, 2011

With trades actively discouraged in this B category scrip all thru the announcement of its big purcahse of Henkel's retail "poorhouse" portfolio, things are likely o brighten up for some of the vested parties as the PE investor news breaks out for a 26% purchase at a reasonable $7 per share price ( here, Rs 300 in local currency) The PE will ofcourse be holding it in a India mid market fund  and waiing for it to deliver in the next 5 years. Does Private Equity understand the risks of the mass market or is it just the opportunity? Will there be more PE in the retail players, where we have few but long establisjed playes provemn to be losing the battle against inflation and still better bets than anything except Gold and Steel ( and Silver) 

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